The Institute for Energy Security (IES) has projected that the price of fuel would increase marginally in the first pricing window of January, 2021.
Institute for Energy Security stated that its projection was based on the prices…
Oil prices extended gains on Wednesday, rising to their highest since late February, after Saudi Arabia announced a big voluntary production cut, and as an industry report showed US inventories fell last week.
Brent crude rose 25 cents,…
Oil prices slips on Tuesday, extending sharp losses overnight, as the rapid spread of a new strain of the novel coronavirus in the United Kingdom prompted several countries to close their borders to British travellers and freight.
U.S.…
Oil prices climbed nearly 3% on Thursday, with Brent surging above $50 a barrel for the first time since early March, fueled by hopes of a faster demand recovery as countries start to roll out COVID-19 vaccines.
The bullish sentiment…
Oil prices fell on Tuesday, adding to losses from the previous session that came as California tightened its pandemic lockdown through Christmas and coronavirus cases continued to surge in the United States and Europe.
Brent crude…
The significant progress reported on the development of a Covid-19 vaccine by pharmaceutical company Pfizer, triggered a leap in oil prices, agencies reported on Monday.The news of the vaccine saw the biggest daily jump in the price of…
Oil price slips on Thursday as new restrictions to stem a surge in COVID-19 infections have increased uncertainty over the outlook for economic growth and a recovery in fuel demand.
Brent crude LCOc1 futures dropped 70 cents, or 1.6% to…
Oil prices fell by more than 1% on Monday after touching their lowest points since July as Saudi Arabia made the most profound monthly price cuts for supply to Asia in five months and hopes about demand recovery faded amidst the corona…
Oil prices gave back early gains and turned lower on Friday after the International Energy Agency (IEA) deemed supply adequate and the outlook for demand weakening, sinking even as equities rebounded from a slump Thursday.
The West’s…
Oil prices extended their losses on Wednesday, falling nearly 3 percent, after a smaller-than-expected U.S. inventory draw-down and jitters ahead of a vote on whether Britain should stay in the European Union.
Crude futures rose early in…
London – Brent crude prices held at about 50 dollars a barrel on Friday as sign that the oil market was moving back to more balanced supply and demand.
It was also believed that just-concluded meeting of the Organisation of Petroleum…
